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How do I answer these questions in managerial accounting?
In's Bicycle Shop sells 21 - speed bicycles. For purposes of a cost- volume_profit analysis, the shop owner Has divided sales into twoategories . as follows :Sales Price\InvoiceSalesProduct TypeCostComma = $ 1 onHigh - quality$ 1 , 8586.840$ 10 0Medium- quality92062 840Three -quarters of the shop's sales are medium -quality bikes. The shop's annual fixed expenses are $2 /0 400'n the followingrequirements , ignore income taxes . !`Required :"1 . Compute the unit contribution margin for each product type2. What is the shop's sales mix ?3 . Compute the weighted-average unit contribution margin , assuming a constant sales mix.4 . What is the shop's break - even sales volume in dollars ? Assume a constant sales mix*5 . How many bicycles of each type must be sold to earn a target net income of $126 7 50 ? Assume a constant sales mix
